$1.4 billion valuation: India gets its 1st unicorn of 2023

Zepto, an instant grocery startup founded by a duo of Stanford University dropouts, both 20, raised fresh funds at a $1.4 billion valuation, creating a rare Indian unicorn amid a gloomy venture funding climate.StepStone Group, Goodwater Capital and others invested a combined $200 million in the Mumbai-based company, it said Friday in a statement. Zepto said it’s on track to turn profitable within 15 months and intends to go public in two to three years.

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